Question: Find two current event articles focusing on the issue of pricing. Enter key words like price, sup...

Find two currently active articles focusing on price issues. Enter key words such as price, supply, demand, market equilibrium and find appropriate articles

1. For each article, create a causal map or flowchart showing the reason for price change and the effect of price change.

Recently, the world crude oil prices fell as well as the decline in US crude oil prices. On the contrary, housing prices in the US market are rising. We discuss the reasons for these societal declines and price increases ... see the complete answer

3, Part 2: Find the two current articles focusing on pricing issues. You can choose to use Prentice Hall Economics: an online resource recommended by the behavioral principle. To access the currently active article, click the outline of chapter 4, chapter 5, chapter 6, or chapter 7, scroll down the page, click [Keep Current Link] Search for articles in Wall Street Journal. . If you are using other online resources, you need to enter the keyword's price, supply, demand, or market equilibrium to find the corresponding article. You can use newspapers or magazines in rural or national districts. The length of the article must be sufficient to give you the background information necessary to complete the causality diagram. You may need to infer about some of the impact of price changes

Ask current and future customers about two important issues. To determine the optimal price for FitBark, Davide Rossi inserted a plug-in into the FitBark website and asked the customer two simple questions. The questions are as follows. Those who answered the question received a $ 10 discount and FitBark received a lot of useful valuable data for the question "Is the price of this product too high?" And "How much is the price of this product?" . It chose the correct price. By bimodal distribution analysis, FitBark set the price to $ 69. You can use a strategy similar to that used by Davide and FitBark to find the best price for your product.